Natasha Cazenave, head of policy and international affairs directorate of the French financial markets authority (AMF), discussed the EU financial regulatory future at a Bloomberg event on Thursday.
The German asset manager has urged the International Financial Reporting Standards (IFRS) Foundation for a consistent ESG reporting standard based on dual materiality.
The German credit rating agency can appeal the decision before the Court of Justice of the European Union within two months.
The French securities market regulator AMF wants abundant savings to flow more into listed issuers and private equity funds. It also cheers the return of individual shareholders.
European authorities want to adjust regulations to prevent tensions on the money market, such as those that occurred during the pandemic.
The Financial Conduct Authority (FCA) published the results of its Covid-19 financial resilience survey, which puts 4,000 financial service firms at risk of heightened risk of failure, though many would be able to bounce back once the economic conditions improve.
Esma, along with other national regulators, will undertake supervisory action in 2021 on the costs and fees charged by the fund managers.
The International Organisation of Securities Commissions (Iosco) has issued a questionnaire on ETFs for industry participants.
2020 has been marked by a few jurisprudences from the Court of Justice of the European Union concerning the investment industry. Asset News reviews the most significant judgments.